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Global Medical Disposables Market to Grow at a CAGR of 16.6% During 2022-2027, Driven by the Rising Incidences of Hospital Acquired Infections (HAIs) and Increasing Number of Surgical Procedures

According to a new report by EMR titled, ‘Global Medical Disposables Market Report and Forecast 2022-2027’, the market attained a value of over USD 318.3 billion in 2021. The industry is further expected to grow at a CAGR of 16.6% in the forecast period of 2022-2027 to reach a value of more than USD 801.3 billion by 2027.

The medical disposables industry is being driven by the increased frequency of hospital acquired infections (HAIs) and the growing number of surgical operations. Pharmaceuticals, emergency supplies, and medical disposables are in high demand as a result of the SARS-CoV-2 virus spread. The COVID-19 pandemic as well as the growing hospital admissions throughout the world have boosted the demand for medical disposables dramatically. Additionally, in hospitals and outpatient facilities, the growing focus on infection prevention is enhancing the demand for single-use, high-value-added nonwoven garments and textiles. The increased incidences of chronic illnesses such as diabetes and cardiovascular disorders are predicted to boost the medical disposables industry.

The Asia Pacific is expected to exhibit a significant growth in the forecast period owing to the rising awareness about disposable medical products to prevent the spread of infections. Additionally, the growing geriatric population is driving the growth of the medical disposables industry in the region.

In October 2019, Becton, Dickinson and Company (NYSE: BDX), a prominent global medical technology company, announced the launch of its BD Intevia™ 1mL two-step disposable autoinjector, which is a robust platform device combining autoinjector and pre-fillable syringe in one integrated system. This two-step push-on-skin device is designed to inject a variety of medications with viscosities up to 35cP and fill volumes up to 1mL.

Market Analysis by Product, Raw Material, End Use, and Region:

  • Based on product, the market can be categorised into wound management products, diagnostic and laboratory disposables, dialysis disposables, incontinence products, sterilisation supplies, drug delivery products, respiratory supplies, non-woven disposables, disposable masks, disposable eye gears, disposable gloves, and hand sanitisers, among others.
  • On the basis of raw material, the industry can be divided into rubber, plastic resins, non-woven materials, paper and paperboard, metals, glass, and others.
  • The major end use sectors for medical disposables include hospital, home healthcare, outpatients/primary care facilities, and others.
  • The regional markets for medical disposables include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for medical disposables is being driven by the rising demand for medical disposables due to an increase in the number of hospitals and patient admission rates.
  • The industry is receiving a further impetus with the continuous research and development activities being carried out by the leading manufacturers.
  • The rising prevalence of chronic diseases like diabetes and cardiovascular disorders is predicted to drive the market for medical disposables.
  • The increased focus on infection prevention in the healthcare sector has significantly contributed to the market expansion.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for medical disposables for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the products, raw materials, end uses, and regions of medical disposables.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global medical disposables market are Medline Industries, Inc, Smith & Nephew plc, Bayer AG, Becton, Dickinson and Company, 3M COMPANY, and Cardinal Health, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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